Investment

Minister for Road Transport & Highways, Shipping and Water Resources, River Development & Ganga Rejuvenation Nitin Gadkari has inaugurated and laid foundation stone for projects worth Rs.5,894 crore at Chandi Ghat in Haridwar on 22 Feb 2019.

Tenders have been issued for 2,998 projects of worth Rs.115,027 crore for India’s 100 Smart Cities, all of which now have Special Purpose Vehicles in place, said the Ministry of Housing and Urban Affairs.

The government is working on a blueprint to increase foreign direct investment inflows to US$100 billion through a targeted approach, especially requesting Fortune 500 companies to invest in India.

Commerce & Industry Minister Suresh Prabhu has inaugurated Rs.1,000 crore worth of projects in 7 States and 2 Union Territories, boosting India’s pivotal position as diamond, jewelry and spice supplier to the global markets.

The Indian façade industry worth Rs.15,000 crore and is growing at 20% annually while the global façade market to reach US$340 billion by 2024, says ANAROCK's Fenestration Industry Report.

The Prime Minister, Narendra Modi, said technology is bridging the gap between the haves and have-nots in India while the Government looks forward to a US$10 trillion economy.

Hindustan Aeronautics Ltd (HAL) has signed an MoU with Central Public Works Department (CPWD) for the execution of the stage 2 works of infrastructure development works at its Green Field Helicopter factory in Tumakuru.

The negotiations to upgrade Comprehensive Economic Partnership Agreement have been fast-tracked to achieve the bilateral trade target of US$50 billion by 2030, Prime Minister Narendra Modi told 'India-ROK Business Symposium' during his visit to Seoul.

Commerce and Industry Minister, Suresh Prabhu, has expressed the hope that the ASEAN member nations and India will collectively work in a determined manner to ensure early conclusion of a Regional Comprehensive Economic Partnership (RCEP) agreement.

The keenly-awaited meeting of the Goods and Services Tax (GST) Council, which was supposed to deliver a final decision on the differential tax rates on real estate 20th Feb 2019, hopes to reach a consensus on the 24th.